Anthem announces collaboration with Walmart

Anthem (ANTM) announced an arrangement with Walmart (WMT) to advance the companies’ mutual goals of reducing healthcare costs and providing consumers with increased access to over-the counter medicines and services that can improve their health. The Anthem-Walmart program, launching in January 2019, will enable consumers who are enrolled in Anthem’s affiliated Medicare Advantage plans to use OTC plan allowances to purchase OTC medications and health-related items, such as first aid supplies, support braces, and pain relievers at Walmart’s 4,700 stores and on Walmart.com. The new collaboration is expected to improve access to these items while significantly reducing the out-of-pocket costs for those enrolled in Anthem’s affiliated Medicare Advantage plans.

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